Core Viewpoint - The upcoming launch of the super electric hybrid pickup by Geely Radar is expected to lead the new energy pickup market with its advanced plug-in hybrid technology [2][5]. Industry Insights - The market for new energy pickups is seen as a "blue ocean" opportunity, with significant structural growth potential due to the rapid increase in pickup exports and the transition from traditional fuel pickups to new energy variants [2][3]. - New energy pickup sales experienced a remarkable year-on-year growth of 180% in Q1, with March alone seeing a 220% increase [3]. - The market share of pure electric pickups in the domestic market is 4.6%, while plug-in hybrid pickups account for 1.7% [3]. Technological Developments - Plug-in hybrid pickups are recognized for their three main technical advantages: cost-effectiveness for short trips, dual-system performance meeting high power demands, and the ability to provide high-power external electricity for outdoor activities [3][6]. - Geely Radar's super electric hybrid pickup features the industry's first 3-DHT configuration hybrid system, achieving a thermal efficiency of 44.26% and a fuel consumption reduction of approximately 21% compared to traditional fuel pickups [6]. Company Strategy - Geely Radar is committed to a long-term strategy of "technology + scenario," utilizing both pure electric and hybrid technologies to drive innovation and performance [5]. - The super electric hybrid pickup has undergone extensive testing, including over 1,000 powertrain system tests and 40 million kilometers of durability testing, equivalent to more than 1,000 laps around the Earth [5][6]. - With a market share of 63.2% in the new energy pickup segment, Geely Radar is positioned as a leader in the industry, enhancing its product lineup and solidifying its market position [6].

Core Viewpoint - The article highlights the strong growth and performance of the pickup truck market in China, emphasizing production, sales, and export trends, as well as the rise of new energy pickups. Production and Sales - In April 2025, national pickup production reached 52,000 units, an increase of 18.8% year-on-year compared to April 2024. From January to April 2025, production totaled 184,000 units, up 12.2% year-on-year [2] - April 2025 sales of pickups were 50,000 units, reflecting a year-on-year increase of 13.6%, although a month-on-month decrease of 12.6%. Cumulatively, sales from January to April 2025 reached 188,000 units, a year-on-year increase of 8.6, marking a historical high [2] - Great Wall Motors continues to lead the domestic pickup market, with strong performances from Jiangling Motors, Zhengzhou Nissan, and Jiangxi Isuzu, maintaining a "one strong, three strong" market structure [2] Regional Demand - The main demand for pickups is concentrated in the Southwest and Northwest regions, accounting for approximately 48% of total demand in April 2025. The Southwest region showed particularly strong demand [2] Export Trends - In 2024, China exported a total of 233,000 pickups, marking a growth rate of 76%. In April 2025, exports reached 24,000 units, a year-on-year increase of 20% and a month-on-month increase of 22% [3] - The export share of pickups in total sales was 45% in 2024 and remained high at 44% in April 2025. The strong growth in exports is attributed to the previous supply-demand gap in international markets [3] New Energy Pickups - In 2024, sales of new energy pickups reached 12,500 units, a year-on-year increase of 59%. In April 2025, sales were 2,300 units, showing a significant year-on-year growth of 127% [4] - The cumulative sales of new energy pickups from January to April 2025 reached 8,600 units, an increase of 168% compared to the same period last year [4] - The market for electric pickups is expected to grow rapidly to meet both domestic and international demand, with notable sales from brands like Geely and Changan [4] Market Rankings - In April 2025, the top five pickup manufacturers by sales were Great Wall Motors (17,500 units), Jianghuai Automobile (6,165 units), SAIC Maxus (5,845 units), Jiangling Motors (5,016 units), and Zhengzhou Nissan (4,063 units) [7][8]

Group 1 - The core viewpoint is that the new energy pickup truck market is rapidly growing, with a significant increase in sales driven by plug-in hybrid technology [1][3] - In the first quarter of this year, the sales of new energy pickup trucks in China increased by 180% year-on-year, with March sales up by 220% [1] - The trend indicates that plug-in hybrid pickup trucks are expected to replace 30% of the fuel pickup market share in the next three years [1] Group 2 - The introduction of plug-in hybrid pickup trucks is closely related to upcoming regulatory requirements, which will impose a 10% reduction in fuel consumption for pickups starting January 1, 2026 [3] - The demand for plug-in hybrid technology is driven by the practical usage scenarios of pickup trucks, which need to be versatile in terms of load capacity and maintenance convenience [4] - Companies are developing plug-in hybrid pickups to meet specific market needs, with examples including the launch of various models at the Shanghai Auto Show [1][4] Group 3 - The market for new energy pickups is also influenced by the integration of technology, such as the development of smart platforms for drones and energy management [4] - In March, the sales volume of Geely Radar's new energy pickup exceeded 1,228 units, marking a 122.5% month-on-month increase and a 280.2% year-on-year increase, achieving a 63.2% market share [4] - Geely Radar plans to invest 5 billion yuan in R&D for "super electric hybrid technology" and aims to launch a hybrid pickup with L4-level autonomous driving by 2026 [6]

多普森平时每天开不到100公里，完全可以使用纯电模式。但如果他想去海边或者沿着海岸线跑远一 点，这也没问题，汽油发动机会自动介入给电池充电。这样一来，总续航差不多能跑到800公里，完全 不用担心电量不够。 凤凰网科技讯 北京时间5月12日，《商业内幕》周日发文，介绍了澳大利亚车主韦恩·多普森(Wayne Dopson)对于比亚迪（002594）"鲨鱼"(Shark)混动皮卡的驾驶体验。他表示，自己很喜欢鲨鱼皮卡，性 价比高，但也有一点不足。 多普森是澳大利亚布里斯班房地产行业的一名项目经理，从事房屋翻修和转售工作。他在2015年买了一 辆大众Amarok柴油动力皮卡，最近一直想换车，但一直没有找到让他心动的车型。 高性价比 今年3月，他花了6.4万澳元(约合29.7万元人民币)买入了比亚迪鲨鱼混合动力皮卡。福特和丰田生产的 皮卡售价高得离谱。在多普森看来，这些车的售价高达8万澳元，还不如比亚迪定价六万出头的鲨鱼皮 卡。 目前，多普森只驾驶比亚迪鲨鱼开了2000公里，还在慢慢熟悉这辆车，但是到目前为止，他真的很喜欢 这辆车。鲨鱼皮卡的科技感、动力以及操控的流畅性感觉领先Amarok好几十年。 从价位来说，鲨鱼皮 ...

Core Insights - The Chinese pickup truck market is experiencing a shift towards electrification, with companies like Geely Radar leading the charge in introducing new energy pickup models, including plug-in hybrids [2][4] - The current market for pickups in China is constrained by regulatory challenges, limiting their growth potential compared to other vehicle categories [2][3] - The penetration rate of new energy vehicles in the pickup segment is only 6%, indicating significant room for growth compared to the truck market's 20% [3][4] Market Dynamics - The overall sales of pickups in China for 2024 are projected to be 516,000 units, accounting for less than 2% of total vehicle sales [2] - In contrast, the North American market has a pickup market share of approximately 20%, highlighting a disparity in market acceptance [2] - Geely Radar has positioned itself as a leader in the new energy pickup market, with its electric models showing promising sales figures [5] Technological Trends - The first quarter of 2025 saw a 180% year-on-year increase in new energy pickup sales, with March alone witnessing a 220% growth [4] - Experts are divided on the optimal powertrain for pickups, with some advocating for plug-in hybrid technology due to its efficiency and adaptability to various driving conditions [6][7] - The development of intelligent and comfortable features in pickups is becoming increasingly important as manufacturers aim to enhance user experience [3][8] Consumer Preferences - The demand for pickups is evolving, with a growing interest in outdoor and recreational uses, which is driving the need for versatile and capable models [3][8] - The majority of pickups in China are used for work or dual-purpose applications, with only a small percentage being used for leisure [10] - Companies are focusing on creating products that meet specific consumer needs, such as load capacity and ease of maintenance [9][10] Future Outlook - Geely Radar plans to expand its product lineup to include various models targeting different market segments, including commercial, family, and outdoor adventure vehicles [10] - The company is also exploring international markets where electric vehicle infrastructure is more developed, such as Central America and Southeast Asia [10] - The overall trend indicates a shift towards more sustainable and versatile pickup solutions, aligning with global automotive trends [3][10]

买大型皮卡的人心里都清楚，咱要的可不是一辆简单的通勤车，而是要一辆能干大事的"多面手"：能拉 能跑，能装能抗，家用、越野、一样不耽误。市面上大型皮卡一堆，怎么选靠谱的？今天就给大家聊聊 真正的实力派——上汽大通MAXUS星际X，看看它是怎么做到一车搞定所有需求的。 动力猛，真正的大型皮卡就该这么有劲 大型皮卡，首先看动力有没有硬实力。星际X搭载了上汽πPlus 2.5T柴油发动机，最大扭矩520N·m，最 大功率165kW，扭力直接拉满。要上山、要开荒，这种扭矩表现就是你的底气。 说到大型皮卡，空间绝对不能小气。星际X的货厢最大能扩展到1600L，要搬家？要带露营装备？还是 工作运输？统统安排得明明白白。 越野稳，路再烂也能一脚踩过去 大型皮卡不仅要在城市跑得欢，越野性能也必须给力。星际X用的是"星桥架构"+大梁承载式车身，骨 架硬，车身稳，就算去到烂路、泥地、山坡也一点不虚。 再加上高双叉臂独立悬架，底盘稳定性出色，过坑洼路面、炮弹坑都能有效减震，舒适性比传统硬派越 野车还更胜一筹。最关键的是它有前、中、后三把差速锁，遇到打滑、陷坑、沙地、雪地，四驱一锁 定，轻松脱困，告别原地打滑的尴尬局面。 45度极限坡 ...

Core Viewpoint - The launch of the new hybrid off-road pickup truck, the Shanhai Pao Hi4-T, by Great Wall Motors aims to redefine the pickup market by integrating hybrid technology while maintaining off-road capabilities and versatility [1][3][5]. Group 1: Product Overview - The Shanhai Pao Hi4-T is priced starting at 228,800 yuan, with a comprehensive range of 1,000 km and an external discharge capability of 6 kW [1]. - Two versions of the Hi4-T are available: a performance version focused on off-road capabilities and a global version with design modifications [3]. - The performance version features a blacked-out grille, robust front bumper, and enhanced off-road specifications, while the global version retains essential off-road equipment [3]. Group 2: Market Positioning - The pickup market is currently dominated by fuel vehicles, with electric models facing challenges in range and off-road performance [3][5]. - Great Wall Motors aims to leverage hybrid technology to enhance the adaptability of pickups while improving economic efficiency and user experience [5]. - The company promotes the transition of pickups from "tool vehicles" to "lifestyle carriers," addressing diverse user needs beyond traditional commercial use [5]. Group 3: Technical Specifications - The Hi4-T architecture features a longitudinal parallel design with a P2 front motor and a 9HAT transmission, delivering a total power output of 300 kW and a torque of 750 N·m [7]. - The vehicle is equipped with advanced off-road capabilities, including BorgWarner's intelligent four-wheel drive, differential locks, and nine terrain modes [8]. - Great Wall Motors emphasizes that the Hi4-T architecture is designed for off-road performance, maintaining traditional off-road reliability while integrating electric drive efficiency [8].

Core Viewpoint - The article highlights the strong growth and performance of the pickup truck market in China, focusing on production, sales, exports, and the emerging segment of electric pickups, indicating a robust demand and potential for future expansion [2][3][4]. Production and Sales - In March 2025, the national pickup production reached 56,000 units, a year-on-year increase of 10.7%, with a total production of 132,000 units in the first quarter, up 9.4% year-on-year [2]. - March 2025 saw pickup sales of 58,000 units, marking a 13.1% year-on-year increase and a 33.5% month-on-month increase, the highest level in five years. Total sales for the first quarter were 137,000 units, up 6.8% year-on-year [2]. - The leading companies in the domestic pickup retail market include Great Wall Motors, Jiangling Motors, Zhengzhou Nissan, and Jiangxi Isuzu, maintaining a "one strong, three strong" market structure [2]. Regional Demand - The main sales regions for pickups are concentrated in the Southwest and Northwest, accounting for approximately 48% of total demand in March 2025. The demand in these regions is notably strong [2]. - The article suggests that with the adjustment in the real estate market and the return of migrant workers, there is significant potential for domestic demand growth in the pickup market, particularly in the central and northern regions [2]. Export Performance - In 2024, the total export of pickups reached 233,000 units, representing a growth rate of 76%. In March 2025, exports were 24,000 units, up 20% year-on-year and 22% month-on-month [3]. - The export share of pickups reached 45% of total sales in 2024, with March 2025 seeing an export share of 42%. The first quarter of 2025 also recorded an export share of 45% [3]. - The article notes that the international demand for pickups has been bolstered by a supply gap from international manufacturers, leading to a strong growth trajectory for Chinese pickup exports [3]. New Energy Pickups - In 2024, the sales of new energy pickups reached 12,500 units, a year-on-year increase of 59%. In March 2025, sales were 2,700 units, up 219% year-on-year and 25% month-on-month [4]. - The first quarter of 2025 saw cumulative sales of new energy pickups at 6,200 units, reflecting a growth of 187% [4]. - The article emphasizes the growing market for electric pickups, with companies like Geely and Changan making significant contributions to sales, indicating a shift towards electrification in the commercial vehicle sector [4].

Core Viewpoint - The article highlights the robust performance of the pickup truck market in China, with significant growth in production, sales, and exports, particularly in the context of the increasing demand for electric pickups and the strong positioning of leading manufacturers like Great Wall Motors [2][3][12]. Overall Analysis of the Pickup Market - In February 2025, the production of pickups reached 38,000 units, a year-on-year increase of 32%, while sales were 43,000 units, up 30% year-on-year and 18% month-on-month, marking a historical high for the same period in five years [2][10]. - The overall performance of the pickup market is strong, with Great Wall Motors maintaining a leading position domestically and internationally, supported by other manufacturers like Jiangling Motors and Zhengzhou Nissan [2][3][12]. Export Performance - In February 2025, pickup exports reached 20,000 units, a year-on-year increase of 46% and a month-on-month increase of 8%, with a cumulative export of 38,000 units in the first two months, up 38% year-on-year [2][12]. - The export share of pickups in total sales has increased, reaching 47% in February 2025 and 48% in the first two months, indicating a strong international demand for Chinese pickups [12]. New Energy Pickup Trends - The sales of new energy pickups in 2024 are projected to reach 13,000 units, a 59% increase year-on-year, with February 2025 sales at 2,000 units, up 299% year-on-year and 25% month-on-month [3][15]. - The market for electric pickups is expected to grow rapidly, driven by increasing consumer demand and the introduction of models like the Geely Radar electric pickup [3][15]. Regional Sales Characteristics - The main sales regions for pickups are concentrated in the southwest and northwest, accounting for approximately 48% of total demand in February 2025, with strong performance noted in cities like Chongqing and Chengdu [19][20]. - The demand in eastern regions has not seen significant growth, while the county and rural markets have shown a notable increase in sales [20][22]. Competitive Analysis of Pickup Manufacturers - Great Wall Motors continues to dominate the domestic market with nearly 50% market share, while other manufacturers like Jiangling Motors and Zhengzhou Nissan are also performing well [27][33]. - The competitive landscape is characterized by a strong performance from leading manufacturers, particularly in export markets, with companies like SAIC Maxus and Changan Motors showing significant growth [25][30].